Fighting for quality news media in the digital age.

  1. Publishers
  2. Digital Journalism
February 1, 2018updated 02 Feb 2018 9:59am

Facebook revenues grow to $40bn as Zuckerberg repeats ‘meaningful connections’ mantra

By Arun Kakar

Facebook revenues grew 43 per cent to more than $40bn in 2017, despite what Mark Zuckerberg said was a “hard” year for the social network.

Facebook users now number more than 2.1bn, with 1.4bn daily users, the social network revealed as it released its full financial figures for last year.

Almost all of the company’s income was made through advertising ($39bn), with mobile representing approximately 89 per cent of the take for the final quarter, up from approximately 84 per on the year before.

You've reached your limit of free articles

Please register now to continue reading

Already registered? Log in here
Websites in our network